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20121201
20121231
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Search Results 0 to 21 of about 22 (some duplicates have been removed)
rules. spain has reformed the stupid work rules that they no longer have to pay 42 months severance pay now it is just 24 months. that is still two years. >> if they turn out badly you will turn up and know them they show them two years >> having 350,000 under severance pay but now just 200,000. why hire somebody to pay that much to fire them? >> a very good question. to be sure that they want them. it is the decision not allot of employers are willing to make. john: i assume people cheat? >> lot of people cheat. they are expected and that is what keeps the inspector in business. it is easier and cheaper to bribe the inspector then goes to the motion to pay the taxes and declare an come and workers. john: sinpore has a booming economy. no minimum-wage comment no laws against discrimination. if you fire, four weeks termination notice and unemployment is at 2%. >> you can start of business, flexible, hire and fire and it makes it attractive. john: thank you anne jolis and thank god we don't have those dumb laws. we have plenty. weird getting more and people want more like a guaranteed vac
so far. europe is moving things. not the united states. spain also by the way we didn't talk about this they officially asked for european funds to recapitalize their banking sectors. that's also a bit of good news. i want to talk about china because i got a lot of calls and questions about my comments last week on china. have you noticed we got good news on the manufacturing overnight on china. better than expected. november better than expected. the pmi numbers. guess the whole world went up. korea went up. everything went up except china. a lot of comments last week about what exactly is happening in china because china -- mainland china stock market is among of the worst performers for the whole year. we're down 11% in shanghai this year. hong kong is up 18%. how do you explain this? this was a huge debate in the last couple of weeks and of course a lot of people are@@ pointing to the fact that there's less stimulus than expected coming from the government. they haven't said anything but that's not the problem. this has been going on now for months and months on end. selling sh
, higher than many countries in the euro zone including spain, germany, france. yet, the united states of america is able to borrow at the lowest rate in pretty much it's recorded history. so you have a very, very diverse landscape at the moment, but certainly would that could be significantly improved, or worsened by the situation that we have concerning the fiscal cliff, the fiscal deficit, and the debt of the country, three topics that can be addressed now on a comprehensive and efficient fashion. >> so what should this mean? i think i could interpret any given number, to think oh, that means we should not touch taxes for any bracts, because it's as much money as we could have in it, or this means that we need more stimulus to keep the jobs going, or i could look at the debt and say this means we need to cut spending, so what does it mean? what would you, and what globally, what would mean the most for the u.s. to do? >> you know what you said? you would qualify as an economist. on the one hand, on the other hand -- the truth of the matter is that the best way out of this would be a
. and what happened in benghazi, you know, it was called the ton spain yus mob. what was it, didn't want it call it terror, insane. >> it is insane. any advice from our audience how do we deal with intolerance from the left. >> well, you know, there's a book out there. (laughter) >> and it's going to be on tour next week, oklahoma and louisiana. and fake outrage is usually done by someone, ignore them, they're not worth your time. if they don't go away, mock them and use them against them. if someone calls you a bigot, you know, you're projecting your ownism is why you're calling me a bigot. and that will make their head explode and then you can laugh and dance around them. >> the book is called "the joy of hate" and the studio audience is going to be happy, a copy of greg gut held's book. >> wait a minute, they have to pay for it. >> no. and gabby douglas, a business manner trying to create jobs and prime minister's trying the dream into a nightmare. i'd like to hear from you, go to my website, and the lead fooeb section and sign up for my textbook page and follow me on twitter. you ca
of disability in europe pretty high. >> if you have 101 plies even more rules. >> let's go to spain. reform they no longer have to pay 22 months but that's still too years. ever ray employee you hire if it durn turns out badly. >> in the past someone making 100,000 a year used to 350,000 in severance pay. under the new rules 2 thoub dollars. why hire someone if it takes that much to hire them. spainish unemployment rates about half of their workers are unemployment. you could have these up. the rules all over the place. >> lots of people cheat. a lot of countries are expected to cheat. cheating is what keeps the investors in public. it is easier and cheaper to prescribe the pictures we claire all of your -- no minimum wage no laws against discrimination. you get fired 4 weeks unemployment number. >> the will have seems to be flexible enough to fire if you need to and that makes a attractive. we don't have all of those bum laws in america and we have plenty and we are getting more. most want more rules like guaranteed vacation. >> we all need a vacation and working every day. >> absz slutly.
are investigating. spain, police arrested 35 people near madrid and seized more than 12 tons of a product of can any-cannabis. supplying the european market. belgium, chocolateers, guiness world record certifying the creation. the candy makers saying it took more than 780 hours and 2700 pounds of chocolate to make. um-huh and that's a rap on this fox trip around the world in 80 seconds. >> harris: santa, please remember to pay your taxes. that's what tax officials are telling street entertainers in cash strapped ukraine. the government there facing $9 billion in debt repayments next year. so, people who dress up as santa claus can reportedly make up to 440 bucks an hour performing in the capitol the state tax service has reminded those holiday entertainers to file forms and pay their taxes. cannot tax checks on small businesses urging ukrainian citizens to report any tax dodging santas. would you want to be the one to turn in santa? it may have been the year of the dragon in china. 2012 was filled with all source of critters and their wild moments caught on camera. next, a look back at a big year in
. the crisis in europe is going to get dramatically worse in portugal, spain, italy. there is dysfunction in the european union. that's one place to look. that's going to encourage russia to make moves of its own, you mentioned south africa. south africa is not going in a good direction, it's supposed to be the most optimistic spot on the african continent. so i don't see many bright spots, maybe new zealand, but some say that even new seeland-- >> still ahead, counting to obamacare. big changes could be coming in 2013 for you and your family. thanks to the president's health care overhaul. we'll tell you what to expect when we come back. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >> well, get ready, america, for the arrival of obamacare, some key provisions of the president's mammoth overhaul kick in come january and joe is here to tell you what to expect. or as we call the bill, j
. in portugal, spain, italy, there isening political dysfunction. that is going to encourage russia to make moves of its own. you mention south africa, south africa is not going in 'n a good direction. it was supposed to be the most optimistic spot. maybe new zealand but somebody told me they are heading south. >> paul: coming down to obamacare. big changes may be coming for 2013 for you and your family thanks to the president's healthcare overhaul. we'll tell you what to expect when we come back. ly? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi pri
had a 1.75 yield close. if we look towards spain and their 10-year, there isn't a lot to see on this intraday chart except for we've heard a lot about buy-backs and how great it is. today we had a public auction and they didn't show up for the entire amount. a dozen basis points isn't huge and these levels around 5.40 are a lot lower than they've been but this is something to pay attention to. >>> super storm sandy and anxiety over the fiscal cliff affecting job growth. adp showing the private sector created 115,000 positions last month. the expectation was about 125,000. it comes ahead of friday's key employment report and to talk about that and more, our senior economics reporter steve leisman joins us from washington. steve, we'll talk about your interview with secretary geithner in a moment but let's talk about those economic numbers. what about today's, what about friday's? >> before i get to the adp number, i have new information i've been able to report on the way down here from new york. that is, be prepared on friday for potentially, especially in the household surve
it was dubai and bp oil spill or greece or spain or the deleveraging or foreclosures. any of these things that we're supposed to take us out and yet we keep moving. i think the fiscal cliff is another one of these. >> let me ask you about the timing then. deutsche bank had a note out yesterday where they suggested that central banks have bought us a six months of time on the markets. if pmis do not improve, will we see growth? what would you say to that view? >> i mean, i'm pretty simple on this. i do not believe and we could debate this probably all day that quantitative easing itself has helped the economy at all. banks put that money right back to the fed as excess reserves. it hasn't boosted money in the economy. i don't believe that we've seen a false rally or sugar high. i think the growth in the economy and growth in the markets has been driven by productivity and profits. i think it's real. it's slow. it's real. we're going to have a weak fourth quarter. i believe most of that weakness is because of sandy. we're going to pick up later in the quarter. we'll have 2.5% to 3% growth n
pay. that sounds kind. you got to pay people if you fire them. in spain, the old rule was 3 1/2 years. so nobody is going to hire somebody 'cause if you don't like them, you got to pay them for more than 3 years. >> steve: it wasn't progressive. so if you had just been an employee for a certain number of years or something like that, you get an automatic 3 1/2 year severance? >> no, it doesn't take effect unless you've worked there for a year. so lots of people -- >> steve: wait a minute. you work there one year? >> that's right. now they've shortened. they'll only have to pay $200,000. no wonder spain has a 25% unemployment rate and they're rioting. >> steve: what about what the government is trying to do with the disabled? >> again, well intended. all kinds of surprise unintended consequences. in europe again, italy is poor. you have 15 employees, fine. you have a 16th employee, must be disabled. have 51 flows, 7% must be disabled. it just cripples the flexible of the work force. well intended, but that's why they have riots there. >> steve: listen, europe is great because they have
. he's headed back to the university of maryland and then spain. take a bow. nice to see you there, drew. he's done a great job and we will miss him. we leave you with this, check out peter doocy. you can have fun with the most popular video on youtube. here you
has zero nominal gdp grets. and they're funding at 4.5%. that is a bad business model. spain same story. so when you bnk our package and what's been offered so are far which appears like $1.6 trillion in tax hikes against $400 billion of entitlement cuts over time, that's an even worse mix than the two-thirds/one-third european structure that really has gotten a negative reaction. >> how much is because of the mix and how much of it just this is what austerity looks like? >> is the money in capping deductions or raising marginal tax rates? it's in capping deductions. but that's tough because you have to tell someone no like the housing lobby or charitable contributions. >> capping deductions seems line the easiest. >> it should be, but remember, you'll have lobbyists pushing you on it. so that's tougher decision rather than raising taxes on one small part of the population and then on the spending side, making those long term spending cuts is the only way of stabilizing debt. the sink guegle biggest driver medicare. so if we don't make those tough decisions now, all we've done is
defeating spain to win the highest unemployment rate in europe. congratulations. not. next, $2 billion. that's how much a cable box cost when it's not even on. they continue to run using up electricity. the worst offenders, dvr's. that's $2 billion across the country. not just at your house. and finally, $5,000. that's the christmas bonus being handed to employees at publisher random house. they can thank this year's best seller "50 shades of gray" and $55,000 for christmas bonus. gretch, over to you and a couple of special guests. >> gretchen: this next story is an emotional one and the perfect one for the christmas season. five years ago, doctors told our next guest that he would never walk again. on christmas eve, he was involved in a deadly rather cash. older driver spun out of control, crashing into his family's suv, can iing both his father and his brother, 17-year-old girlfriend. brock was left paralyzed from the waist down. but he never stopped living his life and believing that he would walk again. and now in two weeks, guess what he's gog do? he's going to walk down the aisle unass
you, when you look the at how much money we're spending compared to our gdp, we're similar to spain, we're similar to greece, it's not a pretty scenario. >> harris: well, tell me this: what actually happens when we nudge up against it? >> well, everybody starts wondering when they're going to rise the debt ceiling, there's big pressure on republicans in congress to approve that. it's a big debate with them because they don't like to and then you have all of wall street looking at this, wondering whether we're going to be able to pay our bills and remember what happened last time around, the markets sold off 2000 points over a two month period. it was very dramatic. and really hurt people's 401(k)'s. >> harris: well, if you can't pay your bills you get a downgrade and we've seen that we could get our credit downgraded. >> again, again, that's the not good news. because you know what happens when you have a low credit rating, you can't borrow as much money. >> harris: that's what happens-- it costs you more to borrow and that's the trouble with that and all this have coming together,
of champagnes and other sparkling wines, this is from spain. sparkling wines, different places in the u.s. and in the country around the country, i have different sparkling wines. i have chandon, proseco from italy. >> juliet: with a little straw there. >> fun minis. >> juliet: for people who have no desire to make their own drinks. thank you very much. we'll get all this information out on our web site. >> cocktailguru.com. >> juliet: thank you so much. we're going to take a quick break. we'll be back in two minutes. stay with us [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. . . with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purche, everday! woo-hoo!!
Search Results 0 to 21 of about 22 (some duplicates have been removed)

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